Syntroleum Rises 11% on Use of its Biofuel on Commercial US Flights
November 07, 2011 12:42 PM
The first commercial airline flights in the U.S. to use biofuel produced by Dynamic Fuels LLC, a joint venture of Tyson Foods (NYSE: TSN) and Syntroleum Corporation (NASDAQ: SYNM), will begin this week in Seattle. The flights build on Dynamic Fuels' involvement in the world's first commercial flights using biofuel conducted earlier this year by several European airlines.
Alaska Airlines (NYSE: ALK) is initiating two flights Wednesday using a 20 percent blend of renewable jet fuel from Dynamic Fuels' Geismar, Louisiana, plant.
One flight involves a Boeing 737 (NYSE: BA) Alaska Airlines flight to Washington, D.C. while the other is a Bombardier Q400 trip to Portland operated by sister carrier Horizon Air. The flights have been selected to demonstrate the use of biofuel on a transcontinental route as well as a short route.
